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Canadians still in the dark about investment fees despite major changes in disclosures + MORE Jan 19th
Despite the introduction of a new report meant to increase fee transparency, surveys show few Canadians feel they grasp the true cost of financial advice
.... More »
Less than 4% of stocks deliver all the market’s return. How do you buy those stocks? May 23rd
Less than 4% of U.S. stocks produced all the wealth
created by American equities over the past 90 years.
How can you make sure you buy these stocks?
.... More »
Saving money is no joke for Kathy Griffin + MORE Dec 9th
(Illustration by Lauren Tamaki)
The credo I live by is, if you can’t afford to buy something, don’t buy it. The super-wealthy people I know don’t care about appearances; they couldn’t care less about having an emblem on a handbag or making it rain in the club. I even have an iPod in my c.... More »
Former CP head Harrison on track for CSX leadership, sources say + MORE Jan 23rd
Hard-nosed operator known for squeezing assets, slashing costs and boosting stock prices is reportedly eyeing the soon-to-be vacant position, and analysts say there’s no other obvious choice
.... More »
BlackBerry shares surge on acquisition prediction + MORE Jun 1st
BlackBerry Ltd. shares surged nearly 11 per cent on the Toronto Stock Exchange on Thursday after a research report identified the company as a likely target for an acquisition..... More »
With debt payment looming, House weighs Puerto Rico bill
– canadianbusiness.com
WASHINGTON – With a $2 billion debt payment looming, House leaders and President Barack Obama are pressuring lawmakers in both parties to support legislation to help ease Puerto Rico’s financial crisis.
The House is scheduled to begin debate Thursday on a bill that would create a financial control board and restructure some of the U.S. territory’s $70 billion debt. House Republican and Democratic leaders support it, as does the Obama administration. But it faces opposition from some bondholders, unions and island officials who have lobbied against the bill.
Speaker Paul Ryan has argued the legislation is the only way to avoid an eventual taxpayer bailout for the island.
Obama is also pushing for the bill, summoning House Democrats with ties to Puerto Rico to a meeting in the Oval Office Wednesday.
The post With debt payment looming, House weighs Puerto Rico bill appeared first on Canadian Business – Your Source For Business News.
The House is scheduled to begin debate Thursday on a bill that would create a financial control board and restructure some of the U.S. territory’s $70 billion debt. House Republican and Democratic leaders support it, as does the Obama administration. But it faces opposition from some bondholders, unions and island officials who have lobbied against the bill.
Speaker Paul Ryan has argued the legislation is the only way to avoid an eventual taxpayer bailout for the island.
Obama is also pushing for the bill, summoning House Democrats with ties to Puerto Rico to a meeting in the Oval Office Wednesday.
The post With debt payment looming, House weighs Puerto Rico bill appeared first on Canadian Business – Your Source For Business News.
Ottawa doing ‘deep dive’ into country’s housing markets
– macleans.ca
TORONTO – The federal government is conducting an in-depth examination of the country’s real estate markets as it decides whether more changes are needed to rein in escalating prices or curb the impact of foreign investment on housing affordability, Finance Minister Bill Morneau said Wednesday.
“What we’re doing right now is we’re making sure that we have a deep dive into the information to ensure that any considerations we have for change are evidence-based,” Morneau said after giving a speech at an economic conference in Toronto.
“Our ongoing goal is to ensure that we understand the market in all of its complexity, that we consider all the evidence to determine what measures are necessary, on an ongoing basis, to ensure that Canadians have the ability to buy homes.”
The government has faced growing calls from researchers, bankers and other housing sector observers in recent days to address soaring prices and mounting household debt, particularly in Toronto and Vancouver…
“What we’re doing right now is we’re making sure that we have a deep dive into the information to ensure that any considerations we have for change are evidence-based,” Morneau said after giving a speech at an economic conference in Toronto.
“Our ongoing goal is to ensure that we understand the market in all of its complexity, that we consider all the evidence to determine what measures are necessary, on an ongoing basis, to ensure that Canadians have the ability to buy homes.”
The government has faced growing calls from researchers, bankers and other housing sector observers in recent days to address soaring prices and mounting household debt, particularly in Toronto and Vancouver…
Denmark’s Dong Energy sees share price jump in market debut
– canadianbusiness.com
COPENHAGEN – Denmark’s Dong Energy, which focuses on wind power generation, has seen its shares jump on the first day of trading, bringing its market value to 98 billion kroner ($15 billion) — the most of any listed company in the country.
Shares in the utility opened at 235 kroner ($36) on the Nasdaq Copenhagen stock market and rose 10 per cent in early trading Thursday.
In all, 72.83 million shares were floated, or 17.4 per cent of Dong Energy’s share capital.
The aim was to reduce the Danish government’s stake in the company from 58.8 per cent to 50.1 per cent. Goldman Sachs currently holds about 18 per cent. The IPO was made with broad support in Parliament.
More than half of Copenhagen-based Dong’s electricity and heat generation comes from renewable sources, including offshore wind power.
The post Denmark’s Dong Energy sees share price jump in market debut appeared first on Canadian Business – Your Source For Business News.
Shares in the utility opened at 235 kroner ($36) on the Nasdaq Copenhagen stock market and rose 10 per cent in early trading Thursday.
In all, 72.83 million shares were floated, or 17.4 per cent of Dong Energy’s share capital.
The aim was to reduce the Danish government’s stake in the company from 58.8 per cent to 50.1 per cent. Goldman Sachs currently holds about 18 per cent. The IPO was made with broad support in Parliament.
More than half of Copenhagen-based Dong’s electricity and heat generation comes from renewable sources, including offshore wind power.
The post Denmark’s Dong Energy sees share price jump in market debut appeared first on Canadian Business – Your Source For Business News.
Cara Operations CEO Bill Gregson on taking over a family business
– canadianbusiness.com
Cara Operations CEO Bill Gregson. (Portrait by Thomas Dagg)Turnarounds are a bit of a specialty for Bill Gregson. In 2009, he became CEO of the Brick at a time when the company was reeling from the recession. With support from Fairfax Financial, Gregson repaired the company’s balance sheet and sold the revitalized chain to rival Leon’s in 2012. Cara Operations was in a similar spot when he joined a year later. A privatization by the founding Phelan family left Cara saddled with debt and unable to invest adequately in its restaurant portfolio. Cara is on better financial ground today, thanks to a 2015 IPO, also supported by Fairfax. Now Gregson has to ensure the company’s 11 brands stay relevant to Canadian diners.
The 9 restaurant chains Cara Operations has built its IPO on
Cara recently purchased St-Hubert, the Quebec-based rotisserie chicken chain. For founder Jean-Pierre Léger, that company is his baby. So what makes Cara the right fit for St-Hubert?
Yeah, it’s his whole life…
The federal government is conducting an in-depth examination of the country’s real estate markets as it decides whether more changes are needed to rein in escalating prices or curb the impact of foreign investment on housing affordability, Finance Minister Bill Morneau said Wednesday.
